Companies · Other Energy

Dragonfly Energy Holdings Corp.New on the radar

RENO · Other Energy

Diligence memoA one-page analyst read on Dragonfly Energy Holdings Corp. — recommendation, valuation, rhythm, risks.
$3.5M
Total raised · real
1
Rounds
Latest step-up
Top 51%
Sector rank · raised
Seed
Latest stage · inferred · Thu Feb 27 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Dragonfly Energy Holdings Corp. looks over-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the energy sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.84× the median modeled value of Seed Other Energy companies in 2025–2027 (28 peers) — value vs value, same stage and era.
Quiet
  • Last raise 16 mo ago; this sector typically re-raises about every 12 months.
  • Slightly overdue versus sector cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Dragonfly Energy Holdings Corp. behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
1.3 yr record
Peak capital year was 2025 with $3.5M across 1 filings.
Market position
ahead of 50% of Other Energy peers
Capital scale is ahead of 50% of Other Energy peers; modeled value is above 38% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2025: $3.5M across 1 filings.
  • Largest single filing was $3.5M on 2025-02-27.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Energy

Dragonfly Energy Holdings Corp. is one of 2049 Other Energy companies tracked from RENO. By capital raised it ranks mid-pack (ahead of 50% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2020
Year incorporated
2025-02-27
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0M$10M$15M$20MSeed · 2025-02-27 Raised $3.5M (real) Modeled valuation $10M (est)$3.5M$10MSeed2025

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$3.5M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$10.2M
Base estimate est.
$3.0M
Conservative case
$22.8M
Upside case
$17.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.38×/yr
Annual markup
1.80×/yr upside case
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
1.3 yr
On record since
2025
First round
New
First-time filer
How it compares to the market

Benchmarked against 2049 companies in Other Energy. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.0× above median
This company$3.5M
Sector median$3.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 2.1× above median
This company$3.5M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$10.2M
Sector median$17.0M

Raised more than 50% of sector peers (real $). Modeled value above 38% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #3 of 28.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Circon International, LLC · Seed Raised $4.0M · modeled $10.3M (est)E-Den Home Electrification, Inc. · Seed Raised $4.3M · modeled $10.2M (est)Trinary Solar Group VIII LLC · Seed Raised $3.9M · modeled $9.8M (est)EverGen Infrastructure Corp. · Seed Raised $3.6M · modeled $9.8M (est)Legacy EV, LLC · Seed Raised $5.9M · modeled $9.2M (est)Energy Hire, LLC · Seed Raised $3.0M · modeled $8.0M (est)Oceanic Iron Ore Corp · Seed Raised $7.8M · modeled $7.9M (est)Uppermost Company, LLC · Seed Raised $2.5M · modeled $7.5M (est)Khemia Metals Inc · Seed Raised $2.5M · modeled $7.0M (est)Argo Development Partners, LLC · Seed Raised $3.5M · modeled $6.1M (est)Anax Holdings LLC · Seed Raised $2.2M · modeled $6.0M (est)Dragonfly Energy Holdings Corp. (this company) Raised $3.5M · modeled $10.2M (est)Dragonfly Energy Holdings Corp.
CompanyStageRaised · realValue · estvs peer med.
Circon International, LLCSeed$4.0M$10.3M1.85×
E-Den Home Electrification, Inc.Seed$4.3M$10.2M1.84×
Dragonfly Energy Holdings Corp. this companySeed$3.5M$10.2M1.84×
Trinary Solar Group VIII LLCSeed$3.9M$9.8M1.77×
EverGen Infrastructure Corp.Seed$3.6M$9.8M1.76×
Legacy EV, LLCSeed$5.9M$9.2M1.65×
Energy Hire, LLCSeed$3.0M$8.0M1.43×
Oceanic Iron Ore CorpSeed$7.8M$7.9M1.42×
Uppermost Company, LLCSeed$2.5M$7.5M1.34×
Khemia Metals IncSeed$2.5M$7.0M1.27×
Argo Development Partners, LLCSeed$3.5M$6.1M1.10×
Anax Holdings LLCSeed$2.2M$6.0M1.08×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$3.5M2025-02-27$17.5M$10.2M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$3.5M2025-02-27
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
Intelligence
Modeled next raise
$5.6M
Modeled next size est.range $3.6M$9.0M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Brian Montilla Nelson2025-02
Denis Phares2025-02
Jonathan Montilla Bellows2025-02
Karina Montilla Edmonds2025-02
Luisa Montilla Ingargiola2025-02
Perry Montilla Boyle2025-02
Rick Parod2025-02
Tyler Bourns2025-02
Vick Singh2025-02
Wade Seaburg2025-02
Registry & provenance

Dragonfly Energy Holdings Corp. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1847986
SEC CIK
2020
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Argo Development Partners, LLCOther EnergySeed$3.5M$6.1Msame sector · same stage
Northwest Ohio Wind Energy, LLCOther EnergySeed$3.5M$12.7Msame sector · same stage
EverGen Infrastructure Corp.Other EnergySeed$3.6M$9.8Msame sector · same stage
Correlate Infrastructure Partners, Inc.Other EnergySeed$3.4M$7.3Msame sector · same stage
Anzode Inc.Other EnergySeed$3.7M$7.4Msame sector · same stage
e2C ESA Assets 2 LLCOther EnergySeed$3.3M$13.4Msame sector · same stage
Hill Country Wind Power Mesquite Ridge Wind Farm LpOther EnergySeed$3.3M$6.3Msame sector · same stage
SolarCommunities, Inc.Other EnergySeed$3.3M$13.2Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Delta-S Energy, Inc.Other EnergyPre-Seed$317K87%
LOKL Energy, Inc.Other EnergySeries A$5.1M86%
Dandelion Energy, Inc.Other EnergySeries C$616.8M85%
Enchant Energy CorpOther EnergyPre-Seed$1.0M85%
Sirius Energy Group Inc.Other EnergySeries A$35.1M85%
River's Edge Energy, LLCOther EnergyPre-Seed$1.9M85%
Flion Energy, Inc.Other EnergyPre-Seed$2.3M85%
Sunwealth Power, Inc.Other EnergySeries A$6.8M85%
Frequently asked
How much funding has Dragonfly Energy Holdings Corp. raised?
Dragonfly Energy Holdings Corp. has raised approximately $3.5M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Dragonfly Energy Holdings Corp.'s estimated valuation?
Provath's modeled valuation for Dragonfly Energy Holdings Corp. is approximately $10.2M (modeled range $3.0M–$22.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Dragonfly Energy Holdings Corp. at?
Dragonfly Energy Holdings Corp.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Feb 27.
What does Dragonfly Energy Holdings Corp. do and where is it based?
Dragonfly Energy Holdings Corp. operates in the Other Energy sector, based in RENO.
Explore related

See where Dragonfly Energy Holdings Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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